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Article: Apartment-builder fills vacancy; Capital District Properties plans on constructing up to 2,700 units in next 7 years.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- April 24, 2008
CopyrightCOPYRIGHT 2008 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: CHRIS CHURCHILL - Business writer
WILTON - The Capital Region has one of the nation's tightest rental markets. Capital District Properties LLC is doing its best to change that.
The deep-pocketed Latham company, just five years old and launched to fill what its investors saw as a widening gap in the region's housing market, hopes to build as many as 2,700 high-end apartments over the next seven years.
A third of those apartments are under construction or in stages of municipal approval, in planned developments such as The Moorings of Halfmoon or Hudson Hills in Brunswick.
The company's initial project is The Paddocks of ...